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JAKK — JAKKS Pacific News Story

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JAKKS Pacific Q1 sales fall. adjusted net loss widens

Overview

Toy and consumer products maker's Q1 net sales fell 6% yr/yr to $106.7 mln

Adjusted net loss widened to $1.9 mln from $0.4 mln a year ago

International sales grew, but U.S. customers remained cautious, management says

Outlook

Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers

INTERNATIONAL GROWTH - Co said international net sales rose to $29 mln in Q1, up from $21 mln a year ago, and reached a ten-year high on a trailing twelve-month basis

COSTUMES SEGMENT - Costumes net sales rose 13% yr/yr to $6.6 mln as the business expanded its product line and customer footprint globally

ACTION PLAY & COLLECTIBLES - Segment net sales rose to $55.3 mln from $42.9 mln a year ago

Company press release: ID:nGNXc0tNbV

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$106.7 mln$103.80 mln (2 Analysts)
Q1 Adjusted Net IncomeBeat-$1.9 mln-$5.10 mln (2 Analysts)
Q1 Gross Margin33.4%
Q1 Gross Profit$35.6 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the toys & children's products peer group is "buy" Wall Street's median 12-month price target for JAKKS Pacific Inc is $28.50, about 32.6% above its April 29 closing price of $21.50 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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